facebook
twitter
rss
account
search
search
 

Fuel efficiency rises among new cars sold

March 5, 2012 at 5:44 PM   |   Comments

| License Photo
DETROIT, March 5 (UPI) -- The fuel efficiency of all the cars sold in the United States is rising, a research institute in Michigan said.

Vehicles purchased by consumers in February averaged 23.7 miles per gallon, up from 22.7 mpg in February 2011 and from 20.4 mpg in February 2008, the Michigan Transportation Research Institute said.

The Los Angeles Times reported Monday 24 percent of the vehicles sold by Ford Motor Co. in February were small cars, Ford analyst Erich Merkle said.

That is a quick jump from December, where less than 20 percent of the vehicles sold by Ford were in the small car segment.

Gasoline prices are rising at a torrid pace. On Monday, 70 lawmakers in Washington sent a letter to the Commodity Futures Trading Commission demanding a tougher stance on oil speculators.

In the past month, the national average price of gasoline jumped nearly 30 cents, climbing from $3.475 per gallon to $3.767 per gallon, AAA said.

Topics: Erich Merkle
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Russian bank boss feeling sanctions pain Russian bank boss feeling sanctions pain
2
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
3
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
4
New GenDyn mission computers for Navy F/A-18s New GenDyn mission computers for Navy F/A-18s
5
Army deploying JLENS radar system to help protect Washington, D.C. Army deploying JLENS radar system to help protect Washington, D.C.
Trending News
Video
x
Feedback